Examples of Property Companies in a sentence
It is clarified that the confirmations of the American Attorney (including the opinion and memorandum) may include factual assumptions and accepted qualifications and the American Attorney may rely on the Company’s declarations and/or the declarations of the Property Companies and/or another person in connection with the factual assumptions (without independent examination) if accepted in the relevant law for the execution of an examination as stated in the state in which the pledge is created.
The identity of the signer and the fact that it is a senior officer in the Company and/or Property Companies, as applicable, shall be verified and confirmed by an American Attorney.
In this regard, it should be emphasized that the cause of action in this section shall not apply to a merger between companies fully owned by the Company, provided that such merger shall not be between the Property Companies and corporations which are not included in the corporation whose assets are pledged for the bondholders.
Without limiting the generality of the foregoing, the Members agree to make such non-economic changes as any Lender(s) may require with respect to this Agreement and/or to the organizational documents of the Property Companies, including, without limitation, the addition of a non-member manager and/or independent director to the structure of any Property Company to the extent not already in place.
As long as the Bonds (Series C) remain outstanding, the Company and each of the Property Companies undertake that none of the Property Companies will resolve to voluntarily dissolve themselves or a similar resolution under the law applicable to them.